Commercial for Sale: 1908 State Street, Granite City, IL 62040

17,691 sqft
$250,000
$250,000
1908 State Street, Granite City, IL 62040
17,691 sqft
$250,000
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Price:
$250,000
$45,000 - 05/15/2024
Est. payment: Skip to Mortgage Calculator

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Type Commercial
Square Footage 17,691 sqft
Lot Size 0.29 acres
Year Built 1940
Taxes Paid $2,156
City Granite City
County Madison-IL
Subdivision Granite City
MLS 23073462
Status Active
DOM 304 days
Great opportunity for a multi use facility in downtown Granite City close to Granite City Steel & Gateway Regional Hospital. Main level use is gym for "Tank Training". 2nd level leased until 2027 with a gross lease at $4,000 per year. Gym equipment has an approx. value of $200,000 new actual resale value closer to $115,000. Gym & weight equipment can be inc.w/ sale. Property includes 3 vacant lots in rear on the south on Grand Ave. PP#22-2-19-24-12-202-050, 22-2-19-24-12-202-051 & 22-2-20-19-05-101-042. Tax on 3 lots rear $119. This area would be ideal for a large parking lot in order to enter from the rear of the building. Rubber Modified roof 2019. The rear lots could also facilitate potential for a baseball, soccer or exterior volleyball sporting events. The property at 1906 on the west side of the building is being totally remodeled to include front commercial space & 2 luxury apartments upstairs. This can be purchased as a package deal at an increased price in spring of 2025.

Room Features

Misc Description 2+ Lavatories, Kitchen Facilities, Wheelchair Access

Lot & Building Features

Construction Conventional
Cooling Electric
Heating Forced Air
Parking Description Expandable, Parking Lot, Other
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 100 X 125 ft

Price History of 1908 State Street, Granite City, IL

Date Name Price Difference
05/15/2024 Price Adjustment $250,000 15.25%
04/02/2024 Price Adjustment $295,000 1.67%
01/09/2024 Listing Price $300,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Deborah Colburn, CRB
Deborah Colburn, CRB
Broker/Owner
Direct: 314-941-7470
Office
950 Caledonia Dr.
O'Fallon, MO 63368
636-720-1100
Listed by Re/Max Alliance, Jim Reppell & Julie Fleck
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0.8624%
6.75%
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1908 State Street (MLS #23073462) is a commercial listing located in Granite City, IL. This commercial listing is 17,691 sqft and on a lot of 12,502 sqft (or 0.29 acres) and is 84 years old. This property was listed on 01/09/2024 and has been priced for sale at $250,000.

Nearby zip codes are 62060, 62204, 63102, 63107 and 63147. This property neighbors other cities such as East St Louis, Madison, Pontoon Beach, Riverview and St Louis.

Maris

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Listing information courtesy of: Re/Max Alliance

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